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Biafran pound

Biafran pound
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£1 banknote 1968
Denominations
Subunit
 1/20 shilling
 1/240 penny
Plural  
penny pence
Symbol £
shilling s
penny d
Banknotes 5/-, 10/-, £1, £5, £10
Coins 3d, 6d, 1/-, 2/6
Demographics
User(s) Biafra
Issuance
Central bank Bank of Biafra

The Biafran pound was the currency of the breakaway Republic of Biafra between 1968 and 1970.

The first notes denominated in 5 shillings and £1 were introduced on January 29, 1968. A series of coins was issued in 1969; 3 pence, 6 pence, 1 shilling and 2½ shilling coins were minted, all made of aluminium. In February 1969, a second family of notes was issued consisting of 5 shilling, 10 shilling, £1, £5 and £10 denominations. Despite not being recognised as currency by the rest of the world when they were issued, the banknotes were afterwards sold as curios (typically at 2/6 (=.0125 GBP) for 1 pound notes in London philately/notaphily shops) and are now traded among banknote collectors at well above their original nominal value.

The most common note is the 1968 1 pound, with the 10 pound and all coins being rare.



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